Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24615 
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dc.contributor.authorMuehler, Griten
dc.contributor.authorBeckmann, Michaelen
dc.contributor.authorSchauenberg, Bernden
dc.date.accessioned2009-02-16T14:58:03Z-
dc.date.available2009-02-16T14:58:03Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/24615-
dc.description.abstractThe present paper examines the wage effects of continuous training programs using individual-level data from the German Socio Economic Panel (GSOEP). In order to account for selectivity in training participation we estimate average treatment effects (ATE and ATT) of general and firm-specific continuous training programs using several state-of-the-art propensity score matching (PSM) estimators. Additionally, we also apply a combined matching difference-indifferences (MDiD) estimator to account for unobserved individual characteristics (e.g. motivation, ability). While the estimated ATE and ATT for general training are significant ranging between about 4 and 7.5 %, the corresponding wage effects of firm-specific training are mostly insignificant. Using the more appropriate MDiD estimator, however, we find a more precise and highly significant wage effect of about 5 to 6 %, though only for general training and not for firm-specific training. These results are consistent with standard human capital theory insofar as general training is associated with larger wage increases than firm-specific training. Furthermore, we conclude that firms may intend to use specific training to adjust to new job requirements, while career-relevant changes may be conditioned to general training.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x07-048en
dc.subject.jelM53en
dc.subject.jelC21en
dc.subject.jelJ31en
dc.subject.jelJ24en
dc.subject.ddc330en
dc.subject.keywordContinuous trainingen
dc.subject.keywordwage effecten
dc.subject.keywordaverage treatment effecten
dc.subject.keywordselectivity biasen
dc.subject.keywordpropensity score matching estimatorsen
dc.subject.stwWeiterbildungen
dc.subject.stwBildungsertragen
dc.subject.stwArbeitsmarktpolitiken
dc.subject.stwSchätztheorieen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleThe Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimators-
dc.typeWorking Paperen
dc.identifier.ppn539954322en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5874en

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